HVAC and Industrial Refrigerationworld trade 2024+5.3% 5Y CAGR
Blackstone completes majority stake acquisition of Emerson Climate Technologies, renamed Copeland
Blackstone funds completed the acquisition of a majority stake in Emerson's Climate Technologies business, valued at $14.0 billion, which will be renamed Copeland. Emerson receives about $9.7 billion in upfront proceeds and keeps 40% common equity.
Productscompressorscontrolsthermostatsvalvesmonitoring solutions
“private equity funds managed by Blackstone have completed the previously announced acquisition of a majority stake in Emerson's Climate Technologies business in a transaction valuing the business at $14.0 billion.”copeland.com
- 5 sources
- copeland.comBlackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies | Copeland USMay 31, 2023
- coolingpost.comEmerson business to be renamed Copeland - Cooling PostMay 31, 2023
- mechanicalbusiness.comUPDATE: Emerson's Climate Technologies rebrands as Copeland - Mechanical BusinessJun 5, 2023
- valve-world-americas.comBlackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies - Valve World AmericasJun 12, 2023
- achrnews.comExclusive Q&A with Copeland CEO Ross B. Shuster | ACHR NewsJul 26, 2023
Summarized from public sources; check the original articles before acting on it.
ENDATA